Overview

• The benchmark closed September at 2.172%, up 0.058 points from August’s 2.114% and the highest level since March, marking a second consecutive monthly rise.
• Despite the uptick, the index sits about 0.765 points below September 2024’s 2.936%, so most variable-rate borrowers still see lower payments on annual review.
• A typical €150,000 variable mortgage at Euribor+0.99% over 30 years would drop by about €62.52 per month; a €300,000 loan would fall by roughly €125 monthly, or €1,500 a year.
• For six‑month revisions the savings are modest, with the September rate only 0.227 points below March, cutting around €15.79 a month on a €150,000 loan.
• Analysts tie the recent firming to ECB policy signals, with iAhorro urging calm and Kelisto.es noting some expect year‑end levels near 2.0%–2.1%, and banks typically sharpen mortgage offers in the fourth quarter.